CNET News.com: LinuxOne aims to raise $24.75 million in IPO

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"LinuxOne, founded in March, plans to offer 3 million shares at
an expected price of $8.25 each. The firm no doubt is betting that
it too will benefit from the warm reception Wall Street has given a
series of Linux-related IPOs in recent months...."

"Like Red Hat and the other three publicly traded Linux
specialists, LinuxOne also is in the red. But, unlike the gang of
four, it has yet to produce any revenue, according to documents
filed with the Securities and Exchange Commission. LinuxOne has
reported a net loss of about $158,000 since its inception."

"As a gauge of how relatively new the company is, LinuxOne's
first product entered beta testing the same month the company filed
its intent to go public."